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Melrose 02176 Cedar Park
1 Colby Ter
$690,000
● House - Off Market

1 Colby Ter

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,097 Ft²
$915,000
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

This beautiful dutch Colonial home in Melrose features three bedrooms,  1.5 baths, hardwood floors, an eat-in kitchen and family room in the lower level.  But what makes this home so special are the period details, the private setting and the proximity to everything Melrose.   The love that has infiltrated this home is obvious once you step in. Don't miss the built-in bookcases and fireplace in the front-to-back living room or the sleeping porch upstairs.   Come and see for yourself. Join us on the enclosed front porch and you'll never want to leave.
Unit Size
2,097 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$305
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #72574123)

Price History

Date / Event Date Event Price
Dec 10, 2019 Sold
Premium
Sold
Oct 2, 2019 Listed by Compass $640,000
Listed by Compass

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,178
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,200
  • Total Building Area: 2,097
  • Gross Building Area: 4,558
  • Building Area: 2,097
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,097
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000211
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Melrose School District
  • School Tax School District: MELROSE SD
  • Census Tract: 336402

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0B8 P:0033-34
  • Municipality: MELROSE
  • Latitude: 42.4577
  • Longitude: -71.072

    Address

  • Full Address: 1 Colby Ter
  • Address - House Number: 1
  • Address - Street Name: Colby
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Melrose
  • Carrier Code: C013
  • 4-Digit Zip Code: 3001
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $735,400

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 929,415
  • High Value: 1,131,747
  • Low Value: 727,083

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $740,600
  • Assessed Land Value: $443,000
  • Assessed Improvements Value: $297,600

    Sales

  • Current Sale Contract Date: Dec 05, 2019
  • Current Sale Recording Date: Dec 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 194710
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cedar Park

Stats & Trends

Median Asking:

$799,900

Sale Price/ft²

$472

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1293 ft²

Average Home Age

122 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72574123

Frequently Asked Questions

When was property at 1 Colby Terrace built and last sold?
The property at 1 Colby Terrace was built in 1925 and last sold on Dec 5, 2019 for $690,000.
How much is this home worth?
The estimated value of the home located at 1 Colby Terrace is $651,850.
What are some comparable homes to 1 Colby Terrace?
There are currently no comparable homes to 1 Colby Terrace.
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